Tony Crescenzi
Tony Crescenzi
above comments fed inflation level neutral percentage points rate views
Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate,
bond continue far job less market might
Should the job market continue to strengthen, the bond market might become a far less placid place than it has been lately.
bond change economic fed market mind news quite raising remains
The bond market remains quite bearish. The economic news did not change anyone's mind about the Fed raising rates,
concern surprising weakness
It's a little surprising because I thought there'd be a little more concern over weakness in dollar/yen.
alan appears chairman hikes interest pace rate slow
With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,
headed june market meeting open percent possibly treasury yields
Treasury yields look headed to 5 percent by the May 10 (Federal Open Market Committee) meeting and possibly 5.25 percent by the June 29th.
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.
almost further hikes rate rest
We've come a long way, ... There's almost no expectations of further rate hikes for the rest of the year.
change delivery notable
Today's speech...is notable more for Greenspan's change in delivery than change in material,
data demand economy effects future guidance impressive jobs labor less might past provide recent reflect report results seem september strength suggest therefore underlying
While the results of the September jobs report are impressive and seem to suggest that the underlying strength in labor demand has been unaffected by recent events, the strength could well reflect the lagged effects of past strength in the economy and the data therefore provide much less guidance about the future than might seem obvious.
appear begin cuts effects increasing interest rate
With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,
commodity global growth lifting prices revival sector
There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.
bet bid bonds equity hold lately market pattern rare retain stocks strengthen
The pattern of the equity market lately is that it doesn't retain its bid for long. Bonds started to strengthen on a bet that stocks would weaken. It's rare that stocks hold a bid these days.
aside deals investors means secondary step wait weak
When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,